productivity. But what about in a corporatist economy? Focusing on Germany, we use an innovative technique developed by Geweke to …Conventional theory predicts that productivity gains lead to pay hikes. Pay increases, however, can influence labor … disentangle the relationship between pay and productivity …

efficiency benefit of corporatism. For laborers in manufacturing, we find that wage hikes result in productivity gains. Managers …Conventional theory predicts that productivity gains lead to hikes in real pay. Efficiency wage theory hypothesizes … that pay increases can lead to productivity improvements. But would such results be observed in a corporatist economy with …

efficiency benefit of corporatism. For laborers in manufacturing, we find that wage hikes result in productivity gains. Managers …Conventional theory predicts that productivity gains lead to hikes in real pay. Efficiency wage theory hypothesizes … that pay increases can lead to productivity improvements. But would such results be observed in a corporatist economy with …

productivity. But what about in a corporatist economy? Focusing on Germany, we use an innovative technique developed by Geweke to …Conventional theory predicts that productivity gains lead to pay hikes. Pay increases, however, can influence labor … disentangle the relationship between pay and productivity. …

efficiency benefit of corporatism. For laborers in manufacturing, we find that wage hikes result in productivity gains. Managers …Conventional theory predicts that productivity gains lead to hikes in real pay. Efficiency wage theory hypothesizes … that pay increases can lead to productivity improvements. But would such results be observed in a corporatist economy with …

can result from contracts, implicit contracts, from efficiency wages and from insider-outsider behaviour. Based on a … survey of 801 firms strong support has been found for explanations based on collective wage agreements and on efficency wages … quits are important reasons for wage rigidities for high skilled labour. Compared to findings from the USA, in Germany …

efficiency benefit of corporatism. For laborers in manufacturing, we find that wage hikes result in productivity gains. Managers …Conventional theory predicts that productivity gains lead to hikes in real pay. Efficiency wage theory hypothesizes … that pay increases can lead to productivity improvements. But would such results be observed in a corporatist economy with …

productivity of a firm, the more likely it is to opt for centralized wage formation where it can hide behind less productive firms … setting due to labor cost and straitjacket effects. As firms in Germany are allowed to choose their wage formation regime, we … test these two hypotheses with representative establishment data for West Germany. We find that establishments with …

We introduce "fair" wages in a general-equilibrium model where worker's effort is unobservable and investigate whether … internalize the effect that past wages have on current effort level. We calibrate the model to Bulgarian data (1999-2016), and … quantify the effect of technological shocks on hours and wages in the theoretical setup. Overall, the calibrated model with …